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Saturday, February 28, 2015

ECONOMIC
SURVEY IS PRESENTED IN THE PARLIAMENT BY THE FINANCE MINISTER EVERY YEAR, JUST
A DAY BEFORE THE UNION BUDGET.

Economic
survey reviews the development in the Indian economy over the previous 12 months.
The draft of the survey is prepared by the department of economic affairs and
cleared by chief economic advisor and the secretary economic affairs. Economic
survey also gives an indefinite image of the budget to be presented in the
parliament.

Chief economic adviser, Arvind
Subramanianprepared the economic survey for the
year 2015 and presented it in LokSabha.

MAIN
HIGHLIGHTS OF THE ECONOMIC SURVEY 2015WHICH TARGETED GROWTH AT MORE THAN 8
%GROWTH FOR NEXT YEAR ARE:-

Friday, February 27, 2015

ØRAILWAY
BUDGET is the annual Financial Statement of INDIAN RAILWAY, presented
every year by the Union Railway Minister in the Lower House i.e. LOK SABHA just
a couple of Days before the Union budget of India.

HISTORY:

ØRailway
Finances were separated from general Government finances on the recommendation
of “Acworth Committee”, headed by William Acworth in 1920-21. Railway finances
were first separated in 1924.

IMPORTANT FACTS:

ØFirst live
telecast of Railway Budget took place on 24th March 1994 by Lalu Prasad Yadav.

ØMamta
Banerjee was the first woman Railway Minister of India.

ØFirst bullet
train was announced in 2014 by D.V. Sadananda Gowda.

Notes: - Railway
budget is presented separately because Indian Railway is among the World’s
largest employers with 1.3 million employees. India has the fourth-longest
route Network after the U.S.A., Russia and China.

ØRailway Minister Suresh Prabhu, with the
Minister of state for Railway Manoj Sinha Presented his maiden Railway Budget
in the Lok Sabha.

HIGHLIGHT
OF THE RAILWAY BUDGET 2015:-

ØSetting up of
‘KAYAKALP’ to help in Technology upgradation.

ØPlanned
budget for 2015-16 is 1, 00,011 crores.

ØTrain
protection warning system and anti colliding system to be developed by RDSO.

ØAutomatic
freight scheme to be launched in pan India.

ØIncrement in
speed of 9 trains from 110 km/hr. to 160 km/hr and 130 km/hr to 200 km/hr.

ØInvestment plan for next 5 years by the
government is of 8.5 Lakh crore rupees.

ØForbes
magazine has listed 50 power Business Women from ASIA in its recent issue.

Ø6 Indian
womens have been included in the 50 power Business women from Asia are:-

(1)Arundhati
Bhattacharya -------- SBI chairperson

(2)Chanda
Kochar -------- ICICI Managing Director

(3)Akhila
Srinivasan ------- Shriram Life
Insurance MD

(4)Kiran
Mazumdar Shaw ------- Biocon Founder

(5)Shikha
Sharma ------ Axis Bank CEO

(6)Usha Sangwan
------- LIC Managing Director.

About Forbes
Magzine:- Forbes is an American Business Magazine published weekly. It was
founded in 1917 by B.C. Forbes. Michael Perlis is the current CEO of Forbes.

EXPECTED QUESTION FROM THIS CURRENT
AFFAIRS NEWS

Q-1) Who
among the following women is not in Forbes 50 Power Business Woman from Asia ?

a.Arundhati
Bhatttacharya

b.Chanda Kocha

c.Sonia Gandhi

d.Shikha
Sharma.

2 .INDIA’S GDP FORECAST REVISED
TO 7.9%:-

ØS & P
has revised India’s GDP forecast to 7.9% in FY 16.

ØS & P
has also raised it forecast for 2016-17 to 8.2% from the previous 6.6%.

Ø7.9%
forecast by S&P, Rising Investment and low oil prices are the primary
factors to boost the changes in the economy of the nation.

Note :- S &P or
Standard and Poor’s is a Financial
Services Company with its headquarter at New York, U.S.A. It is an American
stock market Index based on the market Capitalisations of 500 Large Companies
having common stock listed on the NYSE.

EXPECTED QUESTION FROM THIS CURRENT
AFFAIRS NEWS

Q-1) S & P has forecasted India’s GDP for
FY16 ?

a.6.6%

b.7.9 %

c.8.2 %

d.6.2 %

3.RATAN TATA
HONOURED :

ØRATAN
TATA has been honoured with an Honorary
Doctorate of Automotive Engineering.

ØRATAN TATA
was honoured by Clemson Universityat the South Carolina Automotive Summit.

ØThis was the
4th annual S.C. Automotive
Summit.

About Ratan Tata :- Ratan Tata
is an Indian Businessman and Chairman Emeritus of Tata sons. He was also the
Chairman of Tata Group from 1991-2012. Ratan Tata has also been honoured with
Padam Bhushan in 2000 and Padma Vibhushan in the year 2008.

EXPECTED QUESTION FROM THIS CURRENT
AFFAIRS NEWS

Q-1) Which Indian is Honoured with an Harmony
Doctorate of Automotive Engineering at 4th annual S.C. Automotive Summit ?

a.Ratan Tata

b.Mukesh
Ambani

c.Anil
Dhirubhai Ambani

d.Gautam Adani

4. RAILWAY BUDGET 2015 :

Union Railway Minister Suresh Prabhu, with the
minister of state for Railways Manoj Sinha presented his maiden Railway Budget
in the Lok Sabha yesterday.

ØNo new Train
was introduced and the focus was to deliver a sustained and measurable improvementin customer experience.

ØThe
government will Invest approximatelyRs. 8.5 lakh crores over next 5 years on
Railway.